{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-26-012039","form_type":"8-K","ticker":"NSYS","cik":"0000722313","company_name":"NORTECH SYSTEMS INC","filed_at":"2026-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.557510+00:00","generated_at":"2026-05-15T09:26:03.079590+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Nortech Systems enters $15M revolver, $2.2M term loan with Associated Bank, maturing 2029","bullets":["Revolver up to $15M subject to borrowing base (AR, inventory, fixed assets); term loan $2.2M.","Replaces existing facility due Aug 2026; new facility and term loan mature March 2029.","Interest: SOFR + 2.00% (revolver) or + 2.25% (term loan), at borrower's option.","Covenants include Fixed Charge Coverage Ratio of 1.10:1; restricts dividends, debt, asset sales."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-26-012039","json":"https://secwatch.observer/filing/0001493152-26-012039.json","markdown":"https://secwatch.observer/filing/0001493152-26-012039.md","text":"https://secwatch.observer/filing/0001493152-26-012039.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:26:03.079590+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bf8c10a48c8510252b03d2fbd918bb00fb1fee26","claim":"NORTECH SYSTEMS INC entered into Associated Facility with Associated Bank, National Association valued at $15,000,000 (effective 2026-03-20).","evidence_excerpt":"On March 20, 2026, we entered into a new Credit and Security Agreement with Associated Bank, National Association, which provides for a revolving credit facility of up to $15,000,000","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/722313/000149315226012039/0001493152-26-012039-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Associated Bank, National Association"},{"label":"Value","value":"$15,000,000"},{"label":"Effective","value":"2026-03-20"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}